Bill > SB263

This bill requires the Governor's Office of Business and Economic Development (GO-Biz) to conduct a comprehensive study on the impacts of increasing tariffs and reciprocal tariffs on California's international trade. The study will analyze how tariffs affect various aspects of the state's economy, including economic output, employment, consumer goods affordability, tax revenues, and specific sectors like manufacturing and agriculture. GO-Biz will work with the Department of Finance and the Transportation Agency to complete the study, and will also be required to provide resources to support international trade activities for California's small businesses. The California Freight Advisory Committee will be convened to discuss the study's scope, and GO-Biz must submit the final report to the Legislature by January 1, 2029. The bill recognizes that tariffs can significantly impact trade routes, port revenues, greenhouse gas emissions, and overall economic development, and aims to provide policymakers with a detailed understanding of these potential effects. The study is set to be repealed on January 1, 2031, ensuring it is a time-limited initiative to assess the current trade landscape.

Budget and Finance, Business and Industry, Transportation and Infrastructure

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260SB263